Loan Screens > Account Information Screen Group > Amortizing Fees And Costs Screen > Fee/Cost Information field group

Entry: User, alphanumeric

F/M: Yes

Mnemonic: F1FEEC, F2DSCR

Screen: Loans > Account Information > Amortizing Fees And Costs screen

This is the code for the amortization fee or cost set up for this account, as selected in the list view table above. You cannot make changes to this field once it has been set up on an account. This information is usually pulled over when the loan is originated. On rare occasions, you may have need to set up amortizing fees or costs after a loan is opened. For those instances, see the Amortizing Fees/Costs Transactions topic.

Note: You can skip certain amortizing fees from being included when converting precomputed loans to interest-bearing loans. This option (F1CIBS) is set during loan origination (either through GOLDTrak PC, GOLDTrak Express, or eGOLDTrak) for each fee you do not want included and is only available for precomputed loans (payment method 3).

You can convert precomputed loans to interest-bearing loans through the Loans > Transactions > Charge Off Transactions screen, Convert Precomputed to Simple tab.

Note: If you have the proper security, you can set up additional costs and fees to appear in this list by using the System Setup Screens. Use the System Setup Screens to also connect a General Ledger account number to this fee or cost code for amortization purposes. Amortizing fee codes must first be set up on the Loans > System Setup Screens > Amortization Descriptions screen before they can be selected in this field.